Artificial Intelligence (AI) is growing faster and stronger

2016 “was huge for advancements in Artificial Intelligence (AI) but 2017 may well deliver even more,” wrote the MIT Technology Review. “Until recently, AI was similar to nuclear fusion in unfulfilled promise. Now, however, AI is realizing its potential in achieving human-like capabilities,” emphasized the BCG Henderson Institute.

This is “something which represents a fundamental risk to the existence of civilization (and) by the time we are reactive in AI regulation, it’s too late,” warnedTesla and SpaceX CEO Elon Musk. According to BPI France, IA will be a market worth USB 11 billion by 2024 with China, the United States and ROK leading the research investment field with respectively USD 5 billion, USD 4 billion and USD 863 million in 2016.

Around 950 startups funded by USD 5.2 billion in investment are developing the AI sector and more than half of them are US-based. Unlimited access to computing power using public cloud computing and the growth in big data are the two key factors enabling AI growth, wrote Accenture’s Institute for High Performance in a report that said AI is the future of growth.

Whatever your opinion – good or bad – about AI developments, experts and business people unanimously recognize that AI exponential growth will gradually revolutionize the way everyone works and lives. Indeed, “AI systems now regularly outperform humans on specialized tasks,” a US government strategic plan underlined few months ago. Musk might then be right as AI technology is growing much faster than any regulation about it.